id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-3009	Carlton, Dennis W.; Frankel, Alan S.	Transaction Costs, Externalities, and “Two-Sided” Payment Markets	2005	26	.pdf	application/pdf	8468	352	49	One analyst recently estimated that the weighted-average interchange fee on MasterCard and Visa card transactions is 1.75%-and rising.2 The level of credit card interchange fees is thus an order of magnitude greater than the associations' own costs and sufficient to have significant allocation effects. 0 Australia's central bank, for example, has significantly reduced the level of credit card interchange fees and has suggested that further reductions, perhaps towards a par collection system, might be forthcoming.	cache/cblr-3009.pdf	txt/cblr-3009.txt